NVIDIA (NVDA) Competitors and Alternatives 2024 (2024)

NVDA vs. AVGO, TSM, GOOG, GOOGL, AAPL, MSFT, META, QCOM, INTC, and TXN

Should you be buying NVIDIA stock or one of its competitors? The main competitors of NVIDIA include Broadcom (AVGO), Taiwan Semiconductor Manufacturing (TSM), Alphabet (GOOG), Alphabet (GOOGL), Apple (AAPL), Microsoft (MSFT), Meta Platforms (META), QUALCOMM (QCOM), Intel (INTC), and Texas Instruments (TXN). These companies are all part of the "computer and technology" sector.

NVIDIA vs.

NVIDIA (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, risk, earnings, valuation, media sentiment, analyst recommendations, community ranking, institutional ownership and profitability.

NVIDIA pays an annual dividend of $0.16 per share and has a dividend yield of 0.0%. Broadcom pays an annual dividend of $21.00 per share and has a dividend yield of 1.5%. NVIDIA pays out 1.3% of its earnings in the form of a dividend. Broadcom pays out 77.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

NVIDIA has a net margin of 48.85% compared to Broadcom's net margin of 29.93%. NVIDIA's return on equity of 93.61% beat Broadcom's return on equity.

Company Net Margins Return on Equity Return on Assets
NVIDIA48.85% 93.61% 56.13%
Broadcom 29.93%47.71%16.75%

NVIDIA presently has a consensus target price of $908.68, suggesting a potential upside of 3.32%. Broadcom has a consensus target price of $1,230.18, suggesting a potential downside of 9.22%. Given NVIDIA's stronger consensus rating and higher possible upside, research analysts plainly believe NVIDIA is more favorable than Broadcom.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NVIDIA

0 Sell rating(s)

3 Hold rating(s)

37 Buy rating(s)

1 Strong Buy rating(s)

2.95
Broadcom

0 Sell rating(s)

2 Hold rating(s)

19 Buy rating(s)

0 Strong Buy rating(s)

2.90

NVIDIA has higher revenue and earnings than Broadcom. Broadcom is trading at a lower price-to-earnings ratio than NVIDIA, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NVIDIA$60.92B36.15$29.76B$11.9473.79
Broadcom$35.82B17.53$14.08B$26.9850.23

In the previous week, NVIDIA had 95 more articles in the media than Broadcom. MarketBeat recorded 128 mentions for NVIDIA and 33 mentions for Broadcom. NVIDIA's average media sentiment score of 0.66 beat Broadcom's score of 0.66 indicating that NVIDIA is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
NVIDIA

74 Very Positive mention(s)

12 Positive mention(s)

22 Neutral mention(s)

15 Negative mention(s)

0 Very Negative mention(s)

Positive
Broadcom

18 Very Positive mention(s)

4 Positive mention(s)

6 Neutral mention(s)

2 Negative mention(s)

0 Very Negative mention(s)

Positive

65.3% of NVIDIA shares are held by institutional investors. Comparatively, 76.4% of Broadcom shares are held by institutional investors. 4.0% of NVIDIA shares are held by insiders. Comparatively, 2.0% of Broadcom shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

NVIDIA received 274 more outperform votes than Broadcom when rated by MarketBeat users. However, 82.61% of users gave Broadcom an outperform vote while only 68.77% of users gave NVIDIA an outperform vote.

CompanyUnderperformOutperform
NVIDIAOutperform Votes

2715

68.77%

Underperform Votes

1233

31.23%

BroadcomOutperform Votes

2441

82.61%

Underperform Votes

514

17.39%

NVIDIA has a beta of 1.73, suggesting that its stock price is 73% more volatile than the S&P 500. Comparatively, Broadcom has a beta of 1.25, suggesting that its stock price is 25% more volatile than the S&P 500.

Summary

NVIDIA beats Broadcom on 17 of the 21 factors compared between the two stocks.

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NVIDIA (NVDA) Competitors and Alternatives 2024 (3)

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NVDA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

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NVDA vs. The Competition

Export to Excel

MetricNVIDIASemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$2.20T$45.68B$19.88B$7.71B
Dividend Yield0.02%2.09%2.71%3.88%
P/E Ratio73.7922.78230.5515.37
Price / Sales36.1514.14546.2095.36
Price / Cash71.7121.4530.1432.07
Price / Book51.255.326.684.33
Net Income$29.76B$932.65M$637.79M$215.13M
7 Day Performance-2.49%-2.34%-0.77%-1.05%
1 Month Performance2.49%-4.26%1.03%1.64%
1 Year Performance227.76%20.19%19.92%14.49%

NVIDIA Competitors List

Export to Excel

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
AVGOBroadcom4.9179 of 5 stars$1,350.26
+1.9%
$1,230.18
-8.9%
+107.7%$625.74B$35.82B50.0520,000Insider Selling
Short Interest ↑
TSMTaiwan Semiconductor Manufacturing2.1363 of 5 stars$141.42
+3.9%
$128.25
-9.3%
+51.5%$733.46B$69.30B27.3073,090Analyst Report
GOOGAlphabet3.4992 of 5 stars$156.50
+2.8%
$146.33
-6.5%
+44.5%$1.95T$307.39B26.98182,502Insider Selling
GOOGLAlphabet2.5961 of 5 stars$155.49
+3.0%
$155.48
0.0%
+43.7%$1.93T$307.39B26.81182,502Analyst Report
Insider Selling
AAPLApple4.9458 of 5 stars$170.03
-0.8%
$204.23
+20.1%
+1.9%$2.63T$383.29B26.48161,000Insider Selling
MSFTMicrosoft4.8234 of 5 stars$424.57
+0.9%
$423.34
-0.3%
+45.5%$3.15T$211.92B38.39221,000Analyst Revision
METAMeta Platforms3.787 of 5 stars$491.35
+1.2%
$496.35
+1.0%
+137.9%$1.25T$134.90B32.9867,317Analyst Report
Insider Selling
QCOMQUALCOMM4.798 of 5 stars$171.72
+1.4%
$148.71
-13.4%
+38.8%$191.64B$35.82B24.8950,000Insider Selling
Analyst Revision
INTCIntel4.881 of 5 stars$44.52
+0.8%
$42.03
-5.6%
+20.0%$188.23B$54.23B114.16124,800Analyst Report
Short Interest ↑
Analyst Revision
TXNTexas Instruments4.7627 of 5 stars$173.17
-0.6%
$173.89
+0.4%
-6.6%$157.60B$17.52B24.5334,000Positive News

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NVIDIA (NVDA) Competitors and Alternatives 2024 (2024)

FAQs

Who is NVDA biggest competitor? ›

Nvidia has identified Chinese tech company Huawei as one of its top competitors in various categories such as chip production, AI and cloud services.

What is the alternative to NVDA stock? ›

Advanced Micro Devices (AMD)

It's mostly known as the alternative to Nvidia in the GPU market and Intel in the CPU market.

Who is going to compete with Nvidia? ›

The competition is real, and it's coming for Nvidia's growth and stock price
  • NVDA.
  • MSFT.
  • AMD.
  • AMZN.
  • GOOGL.
  • GOOG.
  • ORCL.
  • META.
Feb 23, 2024

Is Nvidia a good investment for 2024? ›

(We) expect healthy growth for Nvidia's data centre revenue beyond 2024.” While still on the higher side, the falling P/E ratio coupled with the significant stock price increase is a strong indication of the company's ability to generate growth and the investor confidence in its future earnings potential.

Who is the biggest AI chip maker? ›

Nvidia is the leading semiconductor company by market cap in 2024. The semiconductor market size in 2024 is expected to be 588 billion USD.

Does Warren Buffett own NVDA? ›

As of March 15, 44% ($159 billion) of the $366 billion portfolio Buffett oversees at Berkshire Hathaway was being put to work in three widely owned AI stocks -- and no, Nvidia isn't one of them.

Who makes chips for NVDA? ›

TSMC, the world's leading foundry, and Synopsys, the leader in silicon to systems design solutions, have integrated NVIDIA cuLitho with their software, manufacturing processes and systems to speed chip fabrication, and in the future support the latest-generation NVIDIA Blackwell architecture GPUs.

Who are Nvidia's biggest customers? ›

Companies such as Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and Alphabet Inc.'s Google are Nvidia's largest customers, accounting for nearly 40 per cent of its revenue, as they rush to invest in hardware for AI computing.

Does NVDA have a future? ›

NVDA Stock 12 Month Forecast

Based on 41 Wall Street analysts offering 12 month price targets for Nvidia in the last 3 months. The average price target is $1,004.92 with a high forecast of $1,400.00 and a low forecast of $620.00. The average price target represents a 14.96% change from the last price of $874.15.

Who is buying the most Nvidia chips? ›

Microsoft and Meta are the biggest spenders on the company's H100, the coveted $30,000 chip that powers generative AI products. In 2023, both companies spent $9 billion on these hot chips, according to a report by financial services firm DA Davidson.

Does Nvidia have rivals? ›

Nvidia's chief rivals in the AI chip space — AMD, Arm and Intel — have been investing aggressively in startups, too, looking to make up ground in markets inclusive of the especially frothy generative AI segment.

Is Google competing with Nvidia? ›

Google's new AI chip is a rival to Nvidia, and its Arm-based CPU will compete with Microsoft and Amazon. We may earn a commission from links on this page. Google said Tuesday that one of the few alternatives to Nvidia's popular AI chips is now available to developers — and took a shot at Microsoft and Amazon, too.

Is Nvidia a safe long term investment? ›

NVIDIA (NVDA)

Its Relative Strength Rating of 98 also shows that it outperforms the vast majority of stocks in the Investor's Business Daily database. Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally.

Where will Nvidia be in 5 years? ›

So, Nvidia's revenue is on track to increase 5 times in a space of five years considering its fiscal 2024 forecast, translating into a compound annual growth rate (CAGR) of 38%. A similar CAGR over the next five years would take Nvidia's annual revenue to a whopping $295 billion in fiscal 2029.

Is it too late to invest in Nvidia? ›

While competition in the chip space is rising, Nvidia is already making many moves in other areas of the AI realm. Despite its premium valuation, Nvidia stock could still be a lucrative opportunity for long-term investors.

Which is better buy AMD or NVDA? ›

Nvidia's strong financial performance and market dominance suggest it may be a more favorable investment option compared to AMD. Nvidia exhibits superior financial metrics and dominates the data center market.

Who is Nvidia's biggest customer? ›

Facebook-parent Meta Platforms Inc., which owns other platforms including Instagram and WhatsApp, is reportedly the biggest customer of Nvidia. In January, the social media giant's CEO Mark Zuckerberg said that the company is planning to buy nearly 3.5 lakh H100 chips by the end of 2024.

Is AMD a better buy than NVDA? ›

Based on these analyst estimates it seems like Nvidia will continue to enjoy market dominance, but AMD might start catching up late in the year and in 2025. NVDA has more growth priced now, while AMD has more growth priced in the long term.

Which is better stock AMD or NVDA? ›

Nvidia has a powerful position in AI that looks unlikely to dissipate anytime soon. Its market cap surpassed $2 trillion this year thanks to its massive success in AI. AMD's market cap is significantly lower at about $327 billion.

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